§ 250.313.

BID

When property is sold by a court for nonpayment of principal or interest installments of an assessment levied in an assessment proceeding heretofore or hereafter taken, it shall be sold to the bidder who offers the highest price for the entire property to be sold, but not less than the amount due on the bond, together with accrued interest penalties and other costs hereby provided to be charged. The purchaser shall take the property subject to all installments of the assessment which are not included in the sale.

History

(Added by Ord. 225-81, App. 5/5/81)

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